Appendix 2: Measurement items (other variables)
5 Conclusion to thesis
5.3 Concluding remarks
While this thesis contributes to shortcomings of previous literature and provides important implications for managers, it is not without limitations. The most relevant limitation is that empirical findings are based on cross-sectional data derived from a single industry and country. Therefore findings might be more relevant to German renewable-energy firms and not generalizable to other industries and countries. While such limitations need to be
157
considered, this thesis helps contribute to an in-depth understanding of subsequent internationalization of firms regarding antecedents, speed, and performance implications. This work addresses several shortcomings of extant research, but acknowledges the need for additional considerations in future research. Studying subsequent internationalization of firms, in particular with regard to considering the role of the institutional environment of host countries as well as internationalization speed along its several dimensions, provides many avenues for future research to be explored.
158
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